I always love how people mention Solyndra, when it's been well proven that most of the money that went to green energy companies was money well spent (not to mention Solyndra was chosen and supported by Bush before Obama took office). Have you ever stopped to consider why you ONLY use Solyndra? Why there's only ONE company you mention? It's because of the many green energy companies who received money, most of them made good use of the money.
"The complete list of faltering or bankrupt green-energy companies:
Evergreen Solar ($25 million)*
SpectraWatt ($500,000)*
Solyndra ($535 million)*
Beacon Power ($43 million)*
Nevada Geothermal ($98.5 million)
SunPower ($1.2 billion)
First Solar ($1.46 billion)
Babcock and Brown ($178 million)
EnerDel’s subsidiary Ener1 ($118.5 million)*
Amonix ($5.9 million)
Fisker Automotive ($529 million)
Abound Solar ($400 million)*
A123 Systems ($279 million)*
Willard and Kelsey Solar Group ($700,981)*
Johnson Controls ($299 million)
Brightsource ($1.6 billion)
ECOtality ($126.2 million)
Raser Technologies ($33 million)*
Energy Conversion Devices ($13.3 million)*
Mountain Plaza, Inc. ($2 million)*
Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
Range Fuels ($80 million)*
Thompson River Power ($6.5 million)*
Stirling Energy Systems ($7 million)*
Azure Dynamics ($5.4 million)*
GreenVolts ($500,000)
Vestas ($50 million)
LG Chem’s subsidiary Compact Power ($151 million)
Nordic Windpower ($16 million)*
Navistar ($39 million)
Satcon ($3 million)*
Konarka Technologies Inc. ($20 million)*
Mascoma Corp. ($100 million)
*Denotes companies that have filed for bankruptcy.
The problem begins with the issue of government picking winners and losers in the first place. Venture capitalist firms exist for this very reason, and they choose what to invest in by looking at companies’ business models and deciding if they are worthy. When the government plays venture capitalist, it tends to reward companies that are connected to the policymakers themselves or because it sounds nice to “invest” in green energy.
The 2009 stimulus set aside $80 billion to subsidize politically preferred energy projects. Since that time, 1,900 investigations have been opened to look into stimulus waste, fraud, and abuse (although not all are linked to the green-energy funds), and nearly 600 convictions have been made. Of that $80 billion in clean energy loans, grants, and tax credits, at least 10 percent has gone to companies that have since either gone bankrupt or are circling the drain."
President Obama's Taxpayer-Backed Green Energy Failures
This was as of last year....So you're right, it's not just Solyndra, it's a lot more.....And the list of Obama cronies that got these grants, and then went belly up, reads like a donor list of campaign '08 insiders....Can you say corruption? But that doesn't matter to you right? As long as there is someone doing it that you can ideologically agree with.
But that aside, everything you said here (even if it was true, which it is not) doesn't change the fact that Obama clearly has not killed the oil industry.
No, he hasn't, but that is not for lack of trying....Think about who is effected most by his flippant statement of "energy prices would necessarily skyrocket".... Do you think it is the rich? NO. Those most effected by his scorched earth war against fossil fuels, hurts the poor disproportionately. But that's ok with you right?